The relationship between growth and investment
|Collections||Pacific Economic Bulletin (1991-2010)|
|Title:||The relationship between growth and investment|
|Author(s):||Bhaskara Rao, B.|
|Publisher:||Crawford School of Public Policy, The Australian National University|
Asia Pacific Press
This paper utilises the growth accounting framework to derive and analyse the relationship between the rate of growth of output and the ratio of investment to output. With plausible parametric assumptions this framework is used to examine the recent controversy in Fiji over investment and growth. The results support concerns that the projected 5 per cent growth rate for Fiji needs significantly higher investment rates as well as institutional reforms.
|193_relationship.pdf||79.31 kB||Adobe PDF|
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